Anti-Money Laundering (AML) Software Market Size, Status, Growth | Industry AnalPosted by Ethan on October 21st, 2021 Global Anti-Money Laundering (AML) Software Market is accounted for ,343.84 million in 2020 and is expected to reach ,783.74 million by 2028 growing at a CAGR of 17.2% during the forecast period. The growth in IT spending among financial institutions, and the increased number of wired transactions are driving the market growth. However, high implementation costs related to this software’s and lack of skilled professionals with in-depth knowledge vital for operating these systems, are hampering the growth of the market. Anti-money laundering (AML) software usually refers to an integrated data model solution, which enables banks, financial institutions, and enterprises to screen customer behavior for doubted criminal financial activities through automated processes and provide improved user authentication to discover and manage digital bank fraud, payment fraud, fraud analytics, card and emerging payments, internal threads, and fraud management capabilities. Based on the deployment, the on-premises segment is going to have lucrative growth during the forecast period, owing to improved security offered by these systems and features such as enterprise-wide monitoring, reporting, and case management streamline analysis and resolution. Request for Sample with Complete TOC and Figures & Graphs @ https://www.trendsmarketresearch.com/report/sample/13691 By geography, Europe is going to have high growth during the forecast period, owing to the increasing focus of FinTech on executing automated anti-money laundering systems; growth in technological advancements across provinces is increasing the number of cybercriminals. Also, the supportive government regulation to install AML solutions in financial institutions across the province is motivating the market growth. Some of the key players profiled in the Anti-Money Laundering (AML) Software Market include ACI Worldwide Inc., AML Partners LLC, Fair Isaac Corp., Fidelity National Information Services Inc., Fiserv Inc., NICE Ltd., Oracle Corp., RELX Plc, SAS Institute Inc., SunGard, Thomson Reuters, Tonbeller, Truth Technologies, Verafin. Products Covered: Solutions Covered: Components Covered: Deployments Covered: Organization Sizes Covered: Direct Purchase this Market Research Report Now @ https://www.trendsmarketresearch.com/checkout/13691/Single Applications Covered: End Users Covered: Regions Covered: Get Discount On The Purchase Of This Report @ https://www.trendsmarketresearch.com/report/discount/13691 What our report offers: Free Customization Offerings: Like it? Share it!More by this author |